2014-02-04 09:43:02 - Adhesives & Sealants Market: Global Trends & Forecasts to 2018 - a new market research report on companiesandmarkets.com
The global adhesives market and sealants industry has seen high growth in the last few years. This growth is largely fueled by the increasing applications, technological advancements, and growing demand in the Asia-Pacific region. Key end user markets for adhesives and sealants vary from construction to packaging and labeling, woodworking, transportation, footwear, and automotive industry. These major end user industries are growing, which in turn has spurred the growth of adhesives and sealants.
The need of superior performance properties is slowly shifting the adhesives market from the traditional solvent based adhesives towards the use of high-performance products such as reactive and pressure sensitive hot melt adhesives. This slow but certain shift in portfolio is fuelling the overall growth of adhesives market.
key issue in the industry today is volatility in the prices of raw material used in adhesives and sealants. Also, the constant push from regulatory authorities such as EPA (Environment Protection Agency) and REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) is likely to limit the use of solvent-borne adhesives and sealants in order to reduce the impact on the environment.
Asia-Pacific is the biggest and the fastest growing region due to the growing demand for adhesives and sealants in India, China, Japan, South Korea, and Australia. North America is a matured market and is expected to grow with a low CAGR till 2018.
Brazil is expected to have high demand for construction adhesives till 2018 as it is hosting the Soccer World Cup in 2014 and the Olympics in 2016, giving a boost to a large scale infrastructure requirement.
Market share by participants in the adhesives and sealants industry is discussed in detail in the report. The leading players of this industry are profiled, which includes Henkel (Germany), Bayer (Germany), BASF (Germany), H. B. Fuller (U.S.), Sika AG (Switzerland), The Dow Chemical Company (U.S.), and others.
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